Many people under the age of 18 are starting work or are working part time to help make ends meet. Often you can end up overpaying tax as a result. Our tax experts answer some common tax questions on this topic:
I am under the age of 18 and have a job which I pay tax on. Can I claim all my tax back?
Many people think just because they are under the age of 18 that they can claim back all of their tax, but this is not necessarily true. It really depends on how much you earn and how much you pay in tax.
What about if I am a student in full time education?
It does not matter if you are a student in full time education; your tax refund is based on how much you earn and how much you pay in tax in any tax year (April 5th till April 4th).
How much can I earn before I need to pay tax?
In this tax year (2009-2010) you can earn £6,475 before you need to pay any tax. Calculate how much you have earned and if it is below this amount, then you should have paid no tax at all. If you have paid any tax you can claim a tax refund. If you have earned more than £6,475, you may still be eligible for a tax refund, but it will depend on how much you have earned and how much tax you have paid.
How can I calculate my tax rebate?
At the end of each tax year your employer should give you a P60 which shows how much you have earned and how much you have paid in tax. Input these amounts into our tax rebate calculator which will provide an estimate of any refund due.
What if I was not given a P60?
No problem. You can ask your employer for a statement of earnings. They are required by law to provide this information and must do so for up to 6 years.
What about tax rebates for previous years?
You can make a claim for the last 6 years. Get your P60’s or statement of earnings and use our tax refund calculator to see if you are due a refund for any of those years.
When can I claim my tax refund?
For any previous tax years you can claim now, but for the current tax year you will need to wait until the end of the tax year, in April. If however you are leaving the country, you can claim now.
How long does it take to claim my tax back?
It depends on your tax office where your records are kept. Refunds usually take between 4-6 weeks. Often there are backlogs and at these times it can take up to 90 days for refunds to be processed.
Can I claim a National Insurance rebate?
Many people do not know that they can claim back National Insurance Contributions. An NI (National Insurance) Rebate can be claimed at anytime and only needs to be done once. After that it is automatically done for you each year. Press on the link to claim a national insurance rebate.